Highlights of this release include: 17.29g/t Au over 3.58m in hole P19-2177, 12.83g/t Au over 4.20m in hole P19-2177, 15.30g/t Au over 1.0m in hole P19-2180
In its news release from
Drill Results
This news release presents follow-up results to a high-grade gold intercept in geotechnical drill hole P19-2166. Ten drill holes were completed from two separate drill pads with eight of the holes drilled from the same pad as hole P19-2166. The holes were targeted to determine both the orientation and possible extent of the mineralization.
Holes P19-2167 and P19-2168 were drilled with a more northerly azimuth (55 and 60 degrees respectively) than hole P19-2166 and intercepted silver rich mineralization that is anomalous in gold. This could be the expression of zonation in the epithermal system. The historical Premier workings close to surface were reportedly very rich in silver with silver grades decreasing at depth. Hole P19-2177 hit three zones of high-grade gold in the 140m-170m depth range. These intercepts are located in the projected extension of the 602/609 zones.
Hole P19-2172 hit three zones of gold mineralization southwest of the projected trend of known mineralization. Importantly there is no previous drilling in the area. The results from these drill holes highlight the potential to add more resources to the Premier deposit in an area where mineralization may have been offset by faults or rotated to a different orientation.
Further work, including wireframing and geological interpretation will be completed to determine the relationship and possible connection of this newly discovered mineralization to existing resources further east (602/609 zones).
Contact:
Tel: 778-725-1060
Email: khowe@ascotgold.com
About
Ascot is a Canadian-based junior exploration company focused on re-starting the past producing historic Premier gold mine, located in
Cautionary Statement Regarding Forward-Looking Information
All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'estimate', 'expect' and 'intend' and statements that an event or result 'may', 'will', 'should', 'could' or 'might' occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements. Although Ascot believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Ascot can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Ascot's periodic filings with Canadian securities regulators, and assumptions made with regard to: the estimated costs associated with construction of the Premier and Red Mountain Projects; the timing of the anticipated start of production at the Premier and Red Mountain Projects; the ability to maintain throughput and production levels at the
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